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gstr 3b adjustment

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47 Points Joined March 2018
in previous financial year gstr 3b i have under/over reported gst tax can i adjust them in current year's gstr 3b..if so is there any need to pay interest if the amount is adjusted with credit balance.if interest is to be paid how much percent amd how to calculate it???
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On 13 June 2018 at 17:51 Report
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128147 Points Joined January 2015

Yes... You can adjust CY gstr 3b.

 

 

And payable interest.

But,

How to we understand the Under/Over ....???!!!!!

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On 13 June 2018 at 18:33
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47 Points Joined March 2018
there is a difference of tax when i am comparing them with gstr 3b and books of account...interest rate and how do we calculate that??
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On 13 June 2018 at 19:12
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128147 Points Joined January 2015
Bro.,
I / We (CCI participants) can't understand without clarity of Your query...

If You are availed excess ITC then Pay interest @ 24% from the availed month...

If you are not showing some outward supplies related taxes then Pay interest @ 18% from the invoiced months...
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On 13 June 2018 at 19:15
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47 Points Joined March 2018
ok sir
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On 13 June 2018 at 19:18
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128147 Points Joined January 2015
You are most welcome...
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On 13 June 2018 at 20:50
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47 Points Joined March 2018
sir, i have another query. in dec gstr 3b i entered the sales taxable value as 54,37,155.00/- but the actual value is 5,43,715.50. i filled gstr 1 with the cortect amount.the outpt tax is entered correctly for 543715.50/-. sir, can you suggest any remedy for this???
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On 13 June 2018 at 22:55
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128147 Points Joined January 2015
try to reset or re-enter values...
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On 14 June 2018 at 07:09
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47 Points Joined March 2018
i have filed the return
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On 14 June 2018 at 09:06

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